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Conduit lands funding [updated]August 21st, 2007 |
For those of you who have noticed the name Nabeel Hyatt popping up all over the place in the MMO-to-Web sort of space over the last year, well, now you know what he’s up to — along with some Turbine and Harmonix vets. 
Conduit Labs, of which he is CEO, just announced landing $5.5m in Series A funding to do “social online entertainment”:
We want to deliver a completely new kind of massively multiplayer experience — one that requires minutes, not hours, to access and learn, and one that is as rich and social as real-world activities like shooting hoops or jamming in a band. And we wanted it all in a browser, as accessible as your email.
The Conduit Labs Blog has an informal take on how the company got going, and there’s coverage at 3pointD, at Read/Write Web, and of course at TechCrunch. Edit: Virtual Worlds News landed some interview tidbits.
Edit: two posts popped up with some more meaty detail. There’s Susan Wu’s post about why CRV funded Conduit, which discusses more the general space; and there’s a great interview of Nabeel at WorldsInMotion which digs deeper into what an actual product might look like.
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social networking / casual MMO hybrid”. I follow Susan Wu’s blog which has an entry discussing it (Link), but it’s getting attention on Mashable (Link), the Virtual News Network (Link), and – of course – onRaph Koster’s blog (Link). I’d be lying if I said I was especially interested in Conduit’s project. The whole social networking meme is getting a bit ripe, afaic. Maybe if they introduced virtual epidemics. Those things have certainly sparked
[...] Raph’s Website » Conduit lands funding August 22nd, 2007 [...]
[...] The news of Conduit Labs receiving US$5.5 million in series A funding is everywhere at the moment. The backers are Charles River Ventures and Prism VentureWorks, two venture capital heavy-hitters in Web 2.0 and virtual world circles. The story is being carried by 3pointD, Read/Write Web, TechCrunch, Virtual Worlds News, and Worlds In Motion. Personally, I first heard about it from Raph. [...]